[Resolved]  Morepen Laboratories Ltd — Non repayment of Fixed Deposits

I have to introduce myself as one of the hundreds of invetors who chose to place their hard earned money with Morepen as fixed deposits and continue to regret the same till date. I give below the particulars of the deposits placed by me with your company.

No Name of Depositor Amount Due Date
BOMRQ00863N R.Kasi and Sumati Kasi Rs 25000 10.07.03
BOMRQ 18447 R.Kasi and Sumati Kasi Rs 20000 05.07.03

The captioned Deposits were sent to the company in the first week of July 2003 duly discharged for repayment through Integrated Enterprises (I) Ltd, Andheri (W) Mumbai. We may also mention that in the case of Deposit NoBOMRQ00863N interest is due from 01.04.03 and in the case of Deposit No: BOMRQ 18447 interest is due from 01.10.02. In spite of my several letters and emails sent neither I have not received the proceeds of deposit receipts nor any response from your company. I have sent many emails and letters to the company in this regard including a letter addressed to Mr Sushil Suri but to no avail.

regards

kasi r
Was this information helpful?
No (0)
Yes (0)
Aug 14, 2020
Complaint marked as Resolved 
Complaint comments 

Comments

morepenlaboratories ltd — non refund of fixed deposit

dear sir,
My mother, Mrs Sulbha Chindarkar, aged 75, holds a fixed depositno BOMRMoo133N dt 28/08/02 for Rs 100000/- with Morpen Labs Ltd. The FD was due on 28/06/05 There is no response from Morepen.She is an old ailling woman. Her medical expenses are rising and we are short of funds.kindly make early arrangements to refund atleast the deposit amount.Inanticipation of a positive reply at the earliest.
thanking you
Seema Khavnekar
Ialso have a fixed deposit in the name of my daughter Aditi Khavnekar, Receipt no BOMRMOO244N for rs 25000/-to be matured on 17/07/05 so far i have not received neither interest nor principal amount
kindly make arrangements for an early settlement
thanking you
yours faithfully
seema khavnekar
kindly settle FD at the eariiest

Morepen Laboratories Ltd. — FIXED DEPOSIT AMOUNT NOT RETURNING

Sir,
I Kavindra Kumar, R/o( wz 358e/c, st-16, sadhnagar, palam colony, New Delhi-45 ) have
deposited Rs 10000 on 14/03/2003 for fixed deposit for twelve months in MOREPEN LABORATORIES LIMTED, 4th Floor, Antiksh Bhawan, 22.K.G.Marg, New Delhi-110001, E-mail: [protected]@morepen.com.

My receipt No: DELDX04606N, I could not get my money on surrender of certificate after maturity date 27/02/2004.Several times I have mailed and contact but still result is zero.
Pls help me and do the apropriate/needful action.

Regards

Kavindra Kumar
Sir,
I Kavindra Kumar, R/o( wz 358e/c, st-16, sadhnagar, palam colony, New Delhi-45 ) have
deposited Rs 10000 on 14/03/2003 for fixed deposit for twelve months in MOREPEN LABORATORIES LIMTED, 4th Floor, Antiksh Bhawan, 22.K.G.Marg, New Delhi-110001, E-mail: [protected]@morepen.com.

My receipt No: DELDX04606N, I could not get my money on surrender of certificate after maturity date 27/02/2004.Several times I have mailed and contact but still result is zero.
Pls help me and do the apropriate/needful action.

Regards

Kavindra Kumar
DEAR SIR,
MOREPEN LABORATORIES LTD IS ONE OF THE LEADING COMPANY AT GLOBAL LVEL.
BUT VERY SORRY SO SAY THAT CUSTOMER CARE IS NOT THERE AT ALL IN GURGAON.YOUR DEALERS ARE NOT AVIALABLE IN THIER SHOPS.THOUGH YOU HAVE MENTIONED LIFE TIME WARRANY ON GLUCO MONITOR BUT NO USE WHEN WE CAN NOT GET ANY RESPONSE FROM YOUR DEALER NET WORK IN GURGAON.
WE PURCHASED NEW GLUCO MONITOR ABOUT THREE MONTHS BACK FROM YOUR NEW RLY ROAD GURGAON NEW COLONY MODE GURGAON M/s AGGRWAL SURGICALS.

.IF ANY THING GOES WRONG WITH SUGAR PATIENT DUE TO YOUR GLUCO METER WHY NOT LEAGALY CONSUMER SHOULD NOT KNOCKED THE LEAGL DOORS FOR ACTION AGAINST DEALER AS WELL AS COMPNAY.
DETAILS ARE FURNISHED BELOW FOR KIND INFORMATION AND FAST ACTION AT YOUR END.
DETAILS OF PRODUCT
DR MOREPEN GLUCO MONITOR, BAR CODE[protected]
BLOOD GLUCOSE MONITORING SYSTEM

REGARDS
V.K.SRIVASTAVA
VICE PRESIDENT JAFRA GURGAON
I-34 FIRST FLOOR SOUTH CITY -2, SOHNA ROAD GURGAON
PHONE 4360428, [protected]
We all should file a petition against the SEBI for allowing the trading of such companies at the exchanges inspite of default since last 6 years . This is all a political game. We lose from both sides :by investing in bank fd who in turn lend to such companies without checking the risk and lending them in multiples of the actual assets. If you see the address : It's written as Morepen village so it should be having 1000's of acres of land !!!. Who cares in this country, all and all and all are corrupt .The law is not to govern the country but to rule the middle class and the poor who by mistake took birth in this country and start working hard by working like slaves not to enjoy the life but to feed thousands of Maderu Kodas .
Morepen has cheated thousands of FDR depositers.What to do ?? I have a Fd of Rs.10000 dated 06/08/2002 .Rec No DELDX01401N.
They don't even acknowledge my letter.

How to tackle them
Has any one got to hear any thing positive on Morepen ?
I dont know what is the government and press doing on this.

Morepen Laboratories Limited — Fixed Deposit

Non Receipt maturity proceeds of Fixed Deposit .


Dear Sir,

We had placed a Fixed Deposit with Morepen Laboratories for Rs. 15000 on 29.3.2001. (F.D.
Receipt No. is BOMRO07692 dated 11.5.2001.). The FD was for 3 years maturing on 29.3.2004

We have to state that we have not received any interest from 1.4.2003 onwards nor we have received
any maturity proceeds.

The Company, Morepen Laboratories also does not respond to any mails. They have also closed down their mumbai office.

Pl. direct the company to release our payments.

Jignasa Shah
Dear investors,
You among chosen few who is born to suffer at the hands of the mighty, powerful rich people like Mr.Suri of Morepen laboratories who has legally chosen not to pay your hard earned money.

The company law board, the himachal pradesh high court all are on his side. I have invested Rs.60, 000/- in FDs of Morepen, the money was meant for sisters marriage.

All have made money in the process The judge of Himachal pradesh high court, the company law board people, Mr.suri except for you and me who will continue to get exploited in this country who only work for the rich.

Frustrated Investor
For the following FDR NO SHARES have been allotted as yet .

DL2RQ06717 NISHI GUPTA 20259/
DL2RQ05937 MAMTA GUPTA 20259/

Numerous calls and emails to SR MANAGER - BK.Bhardwaj has been in vain.
The FD maturity DD's got returned way back in 2003 and since then this follow up is on with the said "company" officials.
It will be appreciated if our prolonged financial suffering and monetary loss is looked into and resolved. In view of this it is sincerely hoped that you will be able to sort out this descrepancy at the earliest and send us the share certificates in exchange.

With a hope that this email DOES NOT REACH DEAF EARS ..

Regards
ANDHERI NAGARI CHOPAT RAJA
Hello
My self Anil Dixit fixied Deposite certificate no = BOMRQ199093 dtd 27/12/2003 pricipal amount 15000/= In morepen Labrotories Ltd till date i have nothing received from company after lot of correspondence even they have nothing reply from company it was hard money of my PF received from my company. Please suggest me how i can get back my hard money
I do have a same problem like all of you. What i did, I have sent a letter to Morepen Laboratories with my fixed deposit number and amount and request for give matured amount as soon as possible.

Another thing (which got my money back) was that, I have send the copy (acknowledge) to Prime Minister's PA, Chief Minister's PA, and Income Tax Dept.

before that i have send many letter's to company for my money but they didn't reply me but when i finally did above step, the company had sent me letter and mentioned that you get your fixed deposit amount (the amount i invested) with out any interest back within 30 days and they send.

This is the way to get hard earned money back.

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit

    Contact Information

    India
    File a Complaint